All content in this website is sourced legitimately
Archives
All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.
Dec 2016
Natural gas production during November 2016 was 2669.89 mmscmd which is 7.46% lower than the target for the month and 1.71% lower than the production in November, 2015.
8Cumulative natural gas production during April-November, 2016 was 21148.54 mmscmd which is 4.40% lower than target for the period and 3.70% lower than the production during corresponding period of last year.
8Natural gas production by ONGC during November, 2016 was 1866.93 mmscmd which is 3.75% lower than the monthly target but 5.07% higher when compared with November, 2015.
8Cumulative natural gas production during April-November, 2016 was 14493.50 mmscmd which is 1.29% lower than the cumulative target but 0.28% higher than the production during the corresponding period of last year.
8Shortfall in production vis-a-vis target was mainly due to decline in reservoir pressure in Bassein field.
8Whereas, natural gas production by OIL during November, 2016 was 244.91 mmscmd which is 0.68% higher than the monthly target but 4.20% lower than November, 2015.
8Cumulative natural gas production during April-November, 2016 was 1965.06 mmscmd which is 2.41% lower than the cumulative target but 5.99% higher than the production during the corresponding period of last year.
8Shortfall in production against target was mainly due to decline in production potential in a few high producing gas wells due to unexpected subsurface problems like water and sand ingress.
Click on Reports for more Details
8Cumulative natural gas production during April-November, 2016 was 21148.54 mmscmd which is 4.40% lower than target for the period and 3.70% lower than the production during corresponding period of last year.
8Natural gas production by ONGC during November, 2016 was 1866.93 mmscmd which is 3.75% lower than the monthly target but 5.07% higher when compared with November, 2015.
8Cumulative natural gas production during April-November, 2016 was 14493.50 mmscmd which is 1.29% lower than the cumulative target but 0.28% higher than the production during the corresponding period of last year.
8Shortfall in production vis-a-vis target was mainly due to decline in reservoir pressure in Bassein field.
8Whereas, natural gas production by OIL during November, 2016 was 244.91 mmscmd which is 0.68% higher than the monthly target but 4.20% lower than November, 2015.
8Cumulative natural gas production during April-November, 2016 was 1965.06 mmscmd which is 2.41% lower than the cumulative target but 5.99% higher than the production during the corresponding period of last year.
8Shortfall in production against target was mainly due to decline in production potential in a few high producing gas wells due to unexpected subsurface problems like water and sand ingress.
Click on Reports for more Details
Crude oil production by OIL during November, 2016 was .269 MMT which is 7.65% lower than monthly target but 1.73% higher than production in November 2015.
8Cumulative crude oil production during April-November, 2016 was 2.149 MMT which is 2.31% lower than target for the period and 1.40% lower than the production during corresponding period of last year.
8The major reason for shortfall in production was less than planned contribution from high producing areas like Greater Hapjan, Greater Chandmari and Nahorkatiya fields, primarily on account of rise in water cut.
8Similarly, crude oil production by Pvt. /JVs during November, 2016 was .783 MMT which is 11.92% lower than the monthly target and 16.52% lower than November, 2015.
8Cumulative crude oil production during April-November, 2016 was 7.115 MMT which is 2.23% lower than target for the period and 7.63% lower than the production during corresponding period of last year.
8Reasons for shortfall in production are as under:
-- RJ-ON-90/1: Planned shutdown at Mangala Processing Terminal; High Water cut in wells of Bhagyam field & Natural Decline of Mangala wells.
-- Natural Decline in Ravva & CB-OS/2.
-- Panna-Mukta : PC platform shutdown due to riser integrity issue.
-- Closure of 1well in MA field in KG-DWN-98/3.
-- CY-ONN-2002/2: Under Test Production.
-- Underperformance of KG- OSN-2001/3.
Click on Reports for more Details
8Cumulative crude oil production during April-November, 2016 was 2.149 MMT which is 2.31% lower than target for the period and 1.40% lower than the production during corresponding period of last year.
8The major reason for shortfall in production was less than planned contribution from high producing areas like Greater Hapjan, Greater Chandmari and Nahorkatiya fields, primarily on account of rise in water cut.
8Similarly, crude oil production by Pvt. /JVs during November, 2016 was .783 MMT which is 11.92% lower than the monthly target and 16.52% lower than November, 2015.
8Cumulative crude oil production during April-November, 2016 was 7.115 MMT which is 2.23% lower than target for the period and 7.63% lower than the production during corresponding period of last year.
8Reasons for shortfall in production are as under:
-- RJ-ON-90/1: Planned shutdown at Mangala Processing Terminal; High Water cut in wells of Bhagyam field & Natural Decline of Mangala wells.
-- Natural Decline in Ravva & CB-OS/2.
-- Panna-Mukta : PC platform shutdown due to riser integrity issue.
-- Closure of 1well in MA field in KG-DWN-98/3.
-- CY-ONN-2002/2: Under Test Production.
-- Underperformance of KG- OSN-2001/3.
Click on Reports for more Details
Crude oil production during November, 2016 was 2.875 MMT which is 5.65% and 5.40% lower than target and production achieved in November, 2015 respectively.
8Cumulative crude oil production during April-November, 2016 was 23.990 MMT which is 1.76% and 3.53% lower than target and production during corresponding period of last year respectively.
8Crude oil production by ONGC during November, 2016 was 1.823 MMT which is 2.35% lower than the monthly target and 0.75% less when compared with November, 2015.|
8Cumulative crude oil production during April-November, 2016 was 14.724 MMT which is 1.45% lower than target for the period and 1.73% lower than the production during corresponding period of last year
8Reasons for shortfall in production are as under:
8Natural decline from matured & marginal fields of Mumbai high.
8Operational loss in Bassein due to suspected wax deposition and choking in the B-193 export pipeline.
Click on Reports for more Details
8Cumulative crude oil production during April-November, 2016 was 23.990 MMT which is 1.76% and 3.53% lower than target and production during corresponding period of last year respectively.
8Crude oil production by ONGC during November, 2016 was 1.823 MMT which is 2.35% lower than the monthly target and 0.75% less when compared with November, 2015.|
8Cumulative crude oil production during April-November, 2016 was 14.724 MMT which is 1.45% lower than target for the period and 1.73% lower than the production during corresponding period of last year
8Reasons for shortfall in production are as under:
8Natural decline from matured & marginal fields of Mumbai high.
8Operational loss in Bassein due to suspected wax deposition and choking in the B-193 export pipeline.
Click on Reports for more Details
The Project Feasibility Report for a BS-IV upgradation of an existing refinery is "almost ready".
8The environment clearance is expected in November, 2017 after which work on the ground can start
8The following equipment requirement is to come up: reactors, regenarators, fractionators, settlers, condensors, reflux drums, air fin cooler tubes, pumps, plates, heaters, nozzles, vessels, columns cyclones, air blowers, wet gas compressors, relief vavles, boilers, electrostatic precipitators, scrubbers, bellows, heat exchangers, valves, pumps & compressors, storage tanks, among others
8A 5 MMTPA refinery expansion is in the offing too but the Project Feasibility Report is not ready yet
Click on Details for more Details
8The environment clearance is expected in November, 2017 after which work on the ground can start
8The following equipment requirement is to come up: reactors, regenarators, fractionators, settlers, condensors, reflux drums, air fin cooler tubes, pumps, plates, heaters, nozzles, vessels, columns cyclones, air blowers, wet gas compressors, relief vavles, boilers, electrostatic precipitators, scrubbers, bellows, heat exchangers, valves, pumps & compressors, storage tanks, among others
8A 5 MMTPA refinery expansion is in the offing too but the Project Feasibility Report is not ready yet
Click on Details for more Details
Environment clearance is expected around April, 2017 for a 22 well onland drilling programme
8The total cost is pegged at Rs 450 crore
8Normally soil testing is done before the deployment of rigs but in this particular region, it is not essential for shallow/temporary foundation needed for deployment of rig.
8The proposed depth of the well is around 3000-4000 m.
8The exploration wells will be drilled using a standard land rig or a “Mobile Land Rig.
8The RFQ’s for the rigs including associated equipment are expected to be floated in March 2017.
8Drilling is expected to start 2 months after environment clearance, from June 2017.
8The approach roads and the other attendant infrastructure will have to be laid for which the requirements will be released soon
Click on Details for more Details
8The total cost is pegged at Rs 450 crore
8Normally soil testing is done before the deployment of rigs but in this particular region, it is not essential for shallow/temporary foundation needed for deployment of rig.
8The proposed depth of the well is around 3000-4000 m.
8The exploration wells will be drilled using a standard land rig or a “Mobile Land Rig.
8The RFQ’s for the rigs including associated equipment are expected to be floated in March 2017.
8Drilling is expected to start 2 months after environment clearance, from June 2017.
8The approach roads and the other attendant infrastructure will have to be laid for which the requirements will be released soon
Click on Details for more Details
ONGC is looking to purchase "noise pollution inhibiting" equipment prior fitted equipment for the following:
8Compactors (Rollers), Front loaders, Backhoes, Tractors, Scrapers, Graders, Pavers, Trucks, Materials Handling equipment, Concrete Mixerers, Concreter Pumps,Cranes (Movable and Derrick), Pumps, Generators, Compressors, among others
8RFQs are to be released in March, 2017
Click on Details for more Details
8Compactors (Rollers), Front loaders, Backhoes, Tractors, Scrapers, Graders, Pavers, Trucks, Materials Handling equipment, Concrete Mixerers, Concreter Pumps,Cranes (Movable and Derrick), Pumps, Generators, Compressors, among others
8RFQs are to be released in March, 2017
Click on Details for more Details
There is also a requirement for a gas gathering station in the same onland loacation
8The station is at a pre-planning stage
8The cost has not been finalized yet
8Pre-feasibility and detailed feasibility reports are to be prepared
Click on Details for more Details
8The station is at a pre-planning stage
8The cost has not been finalized yet
8Pre-feasibility and detailed feasibility reports are to be prepared
Click on Details for more Details
An existing state sector operator is embarking on a two well drilling programmes
8This will accompanied with the erection of attendant EPSs
8Environment clearance is expected in June, 2017
8RFQs are expected to be floated in July, 2017
8Costing and other information is carried in the Details section Details
8This will accompanied with the erection of attendant EPSs
8Environment clearance is expected in June, 2017
8RFQs are expected to be floated in July, 2017
8Costing and other information is carried in the Details section Details
For reference purposes the website carries here the following tenders:
8Supply and Supervision of Installation & Commissioning of Electric Motor Driven Crude Oil Dispatch Pumps, Assam Details
8Procurement of additional Lean Gas Compressor at EPRU Unit, Uran Plant Details
8Procurement of High Angle Hydraulic Packers, Mumbai Details
8Carrying out EIA study related to Exploratory Drilling of 11 Shale Gas/ Oil wells in Cambay Basin in Gujarat Details
8Supply of High Performance E.P. Lubricant, Dehradun Details
8Supply of Oil Despatch Motor, Assam Details
8Procurement of pigs for commissioning of KV Section of KSPL at WRPL, Gujarat Details
8Supply of stainless steel studs for replacement of old studs at NFL Panipat and Dadri Panipat R-LNG Pipeline, Panipat Details
8Supply of Flanges, Barauni Refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices rise on weaker dollar, optimism on output cuts by crude producers Details
8Malaysia's Petronas to study two oilfields in Iran Details
8Oil and the Arctic: what is at stake Details
8Rice stubble based Rs 2500 crore projects to yield cleaner fuel, check pollution in North India Details
8Concerns raised over safety at LNG terminal Details
8Biomass-to-ethanol plant to be set up in Panipat Details
8India Essar’s Nov oil imports fell 38 pct from Oct -trade Details
8India's crude oil production declines 5.4% in November 2016 Details
8Indian Oil Corp to set up biomass-to-ethanol plant in Panipat to cut down pollution Details
8Crude oil prices dip on unexpected U.S. stocks rise, Libya output boost Details
8Producers' output-cut pact was year's defining moment for oil sector Details
8Latest developments in global gas sector are good for India: Prabhat Singh, MD & CEO, Petronet LNG Details
8Angola LNG facility in controlled shutdown, output to resume shortly Details
8Essar Oil to double petrol pumps network to 5,600 over next 18 months Details
8India's gas targets would need USD 10 bn investments: Report Details
You can also click on Newsclips for more Details
8Supply and Supervision of Installation & Commissioning of Electric Motor Driven Crude Oil Dispatch Pumps, Assam Details
8Procurement of additional Lean Gas Compressor at EPRU Unit, Uran Plant Details
8Procurement of High Angle Hydraulic Packers, Mumbai Details
8Carrying out EIA study related to Exploratory Drilling of 11 Shale Gas/ Oil wells in Cambay Basin in Gujarat Details
8Supply of High Performance E.P. Lubricant, Dehradun Details
8Supply of Oil Despatch Motor, Assam Details
8Procurement of pigs for commissioning of KV Section of KSPL at WRPL, Gujarat Details
8Supply of stainless steel studs for replacement of old studs at NFL Panipat and Dadri Panipat R-LNG Pipeline, Panipat Details
8Supply of Flanges, Barauni Refinery Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Oil prices rise on weaker dollar, optimism on output cuts by crude producers Details
8Malaysia's Petronas to study two oilfields in Iran Details
8Oil and the Arctic: what is at stake Details
8Rice stubble based Rs 2500 crore projects to yield cleaner fuel, check pollution in North India Details
8Concerns raised over safety at LNG terminal Details
8Biomass-to-ethanol plant to be set up in Panipat Details
8India Essar’s Nov oil imports fell 38 pct from Oct -trade Details
8India's crude oil production declines 5.4% in November 2016 Details
8Indian Oil Corp to set up biomass-to-ethanol plant in Panipat to cut down pollution Details
8Crude oil prices dip on unexpected U.S. stocks rise, Libya output boost Details
8Producers' output-cut pact was year's defining moment for oil sector Details
8Latest developments in global gas sector are good for India: Prabhat Singh, MD & CEO, Petronet LNG Details
8Angola LNG facility in controlled shutdown, output to resume shortly Details
8Essar Oil to double petrol pumps network to 5,600 over next 18 months Details
8India's gas targets would need USD 10 bn investments: Report Details
You can also click on Newsclips for more Details
A leading research publication has forecast that Brent will climb to an annual average of US$57/b in 2017, from an estimated US$44/b in 2016.
8However, the rally will lose steam in 2018 as the OPEC deal unravels and Chinese consumption softens in line with an abrupt slowdown in industrial production and investment growth. China's slowdown will also have knock-on effects on other economies and weigh on sentiment globally. The forecast is that Brent will average US$61/b in that year.
8It will fail to rise much higher in 2019-20 amid continued output growth from OPEC countries and, in 2019, a recession in the US. Prices will begin to edge up only in 2021, rising to US$64/b.
8Steady demand growth and slower increases in OPEC production will provide support, and the impact of several years of reduced investment will be felt more markedly in higher-cost producers.
Click on Reports for more Details
8However, the rally will lose steam in 2018 as the OPEC deal unravels and Chinese consumption softens in line with an abrupt slowdown in industrial production and investment growth. China's slowdown will also have knock-on effects on other economies and weigh on sentiment globally. The forecast is that Brent will average US$61/b in that year.
8It will fail to rise much higher in 2019-20 amid continued output growth from OPEC countries and, in 2019, a recession in the US. Prices will begin to edge up only in 2021, rising to US$64/b.
8Steady demand growth and slower increases in OPEC production will provide support, and the impact of several years of reduced investment will be felt more markedly in higher-cost producers.
Click on Reports for more Details
For reference purposes, the website carries here details of:
8The Petroleum and Natural Gas Regulatory Board (Technical Standards and Specifications including Safety Standards for Retail Outlets dispensing Petroleum, Auto LPG and CNG) Regulations, 2016. Public comments have been invited on these draft regulations
Click on Reports for more.
8With the exception of Aframaxes that witnessed an overall sluggish week, the rest of the crude carriers enjoyed further upside in most key trading routes, signalling a firm market as we move closer to the peak of the winter season. In the VLCC sector there was the sale of the “BW ULAN” (299,325dwt-blt 00, S.Korea), which was sold to Indian owner, Seven Islands, for a price in the region of $23.5m. In the Aframax sector there was the sale of the “AEGEAN PRIDE” (105,302dwt-blt 99, S. Korea), which was sold to Chinese buyers, for a price in the region of $10.6m.
8The immediate risks to the global market are: China's growth may slow by more than we currently expect, resulting in weaker economic demand and a lack of investor appetite for
emerging-market assets. Second, Mr Trump could live up to his campaign promises and implement more protectionist measures which could trigger a global trade war. Nevertheless, the outlook is stronger growth in 2017 but a slowdown in 2018 and by 2019, the US will be hit by the first real recession in a decade.
Click on Reports for more Details
8The Petroleum and Natural Gas Regulatory Board (Technical Standards and Specifications including Safety Standards for Retail Outlets dispensing Petroleum, Auto LPG and CNG) Regulations, 2016. Public comments have been invited on these draft regulations
Click on Reports for more.
8With the exception of Aframaxes that witnessed an overall sluggish week, the rest of the crude carriers enjoyed further upside in most key trading routes, signalling a firm market as we move closer to the peak of the winter season. In the VLCC sector there was the sale of the “BW ULAN” (299,325dwt-blt 00, S.Korea), which was sold to Indian owner, Seven Islands, for a price in the region of $23.5m. In the Aframax sector there was the sale of the “AEGEAN PRIDE” (105,302dwt-blt 99, S. Korea), which was sold to Chinese buyers, for a price in the region of $10.6m.
8The immediate risks to the global market are: China's growth may slow by more than we currently expect, resulting in weaker economic demand and a lack of investor appetite for
emerging-market assets. Second, Mr Trump could live up to his campaign promises and implement more protectionist measures which could trigger a global trade war. Nevertheless, the outlook is stronger growth in 2017 but a slowdown in 2018 and by 2019, the US will be hit by the first real recession in a decade.
Click on Reports for more Details
What are the other immediate policy changes that the petroleum ministry is currently grappling with?
8They are looking at a purchase preference policy for for local content in upstream, midstream and downstream oil & gas sector
8The ministry is also developing a system of “just in time” budgetary releases through extensive IT platform covering Centre, States and RBI.
8Expansion of Perform, Achieve and Trade (PAT) Programme, a regulatory instrument to reduce specific energy consumption to Refineries as a sector, is in the offing.
8Recommendation of Fuel Efficiency Norms for Heavy Duty Vehicles (HDVs) in range of 12-40 MT and Testing Method for this purpose is around the corner.
Click on Reports for timelines set for these policies Details
8They are looking at a purchase preference policy for for local content in upstream, midstream and downstream oil & gas sector
8The ministry is also developing a system of “just in time” budgetary releases through extensive IT platform covering Centre, States and RBI.
8Expansion of Perform, Achieve and Trade (PAT) Programme, a regulatory instrument to reduce specific energy consumption to Refineries as a sector, is in the offing.
8Recommendation of Fuel Efficiency Norms for Heavy Duty Vehicles (HDVs) in range of 12-40 MT and Testing Method for this purpose is around the corner.
Click on Reports for timelines set for these policies Details
The government seems to be working hard on a centralized procurement system for goods, services and work contracts
8And the petroleum ministry seems to be earnestly pursuing the campaign
8Is it feasible to put such a system in place or is it necessary at all?
8The ministry thinks so, and it has given itself a short deadline to achieve this goal
Click on Reports to find out more Details
8And the petroleum ministry seems to be earnestly pursuing the campaign
8Is it feasible to put such a system in place or is it necessary at all?
8The ministry thinks so, and it has given itself a short deadline to achieve this goal
Click on Reports to find out more Details
Will CNG stations face the same bleak future as liquid fuel retail outlets will when electric cars make their appearance?
8It is difficult to find an immediate answers
8At least one CGD entity is thinking long term and claims that they have looked at the idea of producing fuel cells powered by gas
8Fuel cell technology is an emerging technology and many claim it has a bright future.
Click on Reports on how the CGD industry will cope with the rise of the electric driverless car Details
8It is difficult to find an immediate answers
8At least one CGD entity is thinking long term and claims that they have looked at the idea of producing fuel cells powered by gas
8Fuel cell technology is an emerging technology and many claim it has a bright future.
Click on Reports on how the CGD industry will cope with the rise of the electric driverless car Details
For newly authorized CGD entities, breaking even in new Geographical Areas is not going to be all that easy
8This is because, unlike in the big metros, significant volumes cannot be tied up for commercial vehicles
8The attention will have to be on the private vehicles, where, on account of shorter distances traversed unlike in big cities, the conversion ratios are going to be lower.
8So of the 100 odd cities that are on the block, how many are viable investments without an interminably long waiting period?
Click on Reports to find out more Details
8This is because, unlike in the big metros, significant volumes cannot be tied up for commercial vehicles
8The attention will have to be on the private vehicles, where, on account of shorter distances traversed unlike in big cities, the conversion ratios are going to be lower.
8So of the 100 odd cities that are on the block, how many are viable investments without an interminably long waiting period?
Click on Reports to find out more Details
City gas distribution companies seem to have made little headway so far with industrial customers, as LNG is turning out to be uncompetitive in comparison to discounted LSHS being sold in the market by oil refineries
8Gas for industrial use is making progress only in areas where industries are forced by law to move to cleaner fuels.
8CGD companies are finding it difficult to hang in to their customers in the face of competition from liquid fuels
8Will this be a continuing trend?
Click on Reports to find out more Details
8Gas for industrial use is making progress only in areas where industries are forced by law to move to cleaner fuels.
8CGD companies are finding it difficult to hang in to their customers in the face of competition from liquid fuels
8Will this be a continuing trend?
Click on Reports to find out more Details
There will more than regulatory barriers which may come in the way of third party operators trying to use existing CGD infrastructure in geographical areas where the exclusivity periods are coming to an end.
8It is now said that third party players will not be entitled to cheaper domestic gas and they will have to dispense only LNG which will then automatically make them unviable in the key CNG and PNG segments.
8So is third party access to CGD networks doomed from the start?
Click on Reports to find out more Details
8It is now said that third party players will not be entitled to cheaper domestic gas and they will have to dispense only LNG which will then automatically make them unviable in the key CNG and PNG segments.
8So is third party access to CGD networks doomed from the start?
Click on Reports to find out more Details
A new LPG processing unit involving installation of LPG bullets and associated equipment is coming up with RFQs likely to be floated by March, 2017
8Meanwhile, in the same installation, a Flare Gas Recovery unit (FGRU) is under installation and commissioning is expected in February, 2017
Click on Details for more Details
8Meanwhile, in the same installation, a Flare Gas Recovery unit (FGRU) is under installation and commissioning is expected in February, 2017
Click on Details for more Details
Capital approval for a 3 MMTPA FRSU is expected in June, 2017
8The appointment of contractors for the FSRU is expected in Q-2, 2017
8The EPC contractors for subsea pipeline and onshore receiving facilities are expected in June,2017.
8The project is expected to be commissioned by 3rd Quarter of 2019.
Click on Details for more Details
8The appointment of contractors for the FSRU is expected in Q-2, 2017
8The EPC contractors for subsea pipeline and onshore receiving facilities are expected in June,2017.
8The project is expected to be commissioned by 3rd Quarter of 2019.
Click on Details for more Details
An existing port is planning an upgradation cum expansion programme involving:
8A new oil jetty
8Upgradation of barge handling capacity
8Strengthening of the existing oil jetty
8Modification and strengthening of the existing cargo berth
8The project is currently in planning stage and environment clearance is expected in December, 2017
Click on Details for more Details
8A new oil jetty
8Upgradation of barge handling capacity
8Strengthening of the existing oil jetty
8Modification and strengthening of the existing cargo berth
8The project is currently in planning stage and environment clearance is expected in December, 2017
Click on Details for more Details
The Project Feasibility Report for an Ethylene Recovery Unit and a Mono Ethylene Glycol unit will be completed by March, 2017
8The DFR is ready
8Environment clearance is expected in July, 2017
Click on Details for more Details
8The DFR is ready
8Environment clearance is expected in July, 2017
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Procurement of Hydrogen Peroxide, Bongaigaon Refinery Details
8Procurement of Gas Turbine spares, Bongaigaon Refinery Details
8Annual Rate Contract for supply of fasteners for Mumbai and Kochi Refinery Details
8Service contract for Ultrasonic Thickness Gauging equipments, Assam Details
8Procurement of Control Valves, Bongaigaon Refinery Details
8Hiring of cranes for dismantling and Installation Breechlock Exchanger and piping modification jobs, Haldia Refinery Details
8Procurement of Neucleonic Level Gauges, Assam Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8China's LNG buying spree to set import record in December Details
8Singles fighting cash crunch aid sale of 5 kg LPG cylinders Details
8Government to roll out 500 CNG buses to check pollution Details
8Bio-fuel to be made from stubble to avoid pollution, says Haryana CM Khattar Details
8India map wrongly depicted in annual diary of ONGC's overseas arm Details
8India’s Reliance Nov oil imports fall 5.6 pct y/y – trade Details
8Saudi budget to boost spending, raise domestic fuel prices: Sources Details
8Petroleum products' share in India's imports could slip: HSBC Details
8India's Iran oil imports slide 19 percent in November, Saudi regains top supplier slot Details
8Oil seen at $100 by end 2018 in lottery ticket options trade Details
You can also click on Newsclips for more Details
8Procurement of Hydrogen Peroxide, Bongaigaon Refinery Details
8Procurement of Gas Turbine spares, Bongaigaon Refinery Details
8Annual Rate Contract for supply of fasteners for Mumbai and Kochi Refinery Details
8Service contract for Ultrasonic Thickness Gauging equipments, Assam Details
8Procurement of Control Valves, Bongaigaon Refinery Details
8Hiring of cranes for dismantling and Installation Breechlock Exchanger and piping modification jobs, Haldia Refinery Details
8Procurement of Neucleonic Level Gauges, Assam Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8China's LNG buying spree to set import record in December Details
8Singles fighting cash crunch aid sale of 5 kg LPG cylinders Details
8Government to roll out 500 CNG buses to check pollution Details
8Bio-fuel to be made from stubble to avoid pollution, says Haryana CM Khattar Details
8India map wrongly depicted in annual diary of ONGC's overseas arm Details
8India’s Reliance Nov oil imports fall 5.6 pct y/y – trade Details
8Saudi budget to boost spending, raise domestic fuel prices: Sources Details
8Petroleum products' share in India's imports could slip: HSBC Details
8India's Iran oil imports slide 19 percent in November, Saudi regains top supplier slot Details
8Oil seen at $100 by end 2018 in lottery ticket options trade Details
You can also click on Newsclips for more Details
The LNG market too is going through a period of transition
8Buyers are no longer ready to accept “expensive”, “inflexible” LNG supplies and they are seeking more destination and volume flexibility
8The sanctity of long-term contracts no longer guaranteed
8But there are some inherent contraditions. For example, what will happen if oil prices recover while spot prices stay low?
8New LNG buyers need “affordable” LNG (even $6 is expensive)
8Sellers are trying to adapt to this new business environment through cost reduction, collaboration, new designs, smaller projects
8But long-term contracts still seen as the foundation of LNG projects mostly because banks have not yet caught up with market changes
8The challenge is to ensure how this will be compatible with the investments needed in new LNG supply arriving post 2020 to take care of rising demand.
Click on Reports for more Details
8Buyers are no longer ready to accept “expensive”, “inflexible” LNG supplies and they are seeking more destination and volume flexibility
8The sanctity of long-term contracts no longer guaranteed
8But there are some inherent contraditions. For example, what will happen if oil prices recover while spot prices stay low?
8New LNG buyers need “affordable” LNG (even $6 is expensive)
8Sellers are trying to adapt to this new business environment through cost reduction, collaboration, new designs, smaller projects
8But long-term contracts still seen as the foundation of LNG projects mostly because banks have not yet caught up with market changes
8The challenge is to ensure how this will be compatible with the investments needed in new LNG supply arriving post 2020 to take care of rising demand.
Click on Reports for more Details
The reference purposes, the website carries here the following reports:
8Sustainable energy and resource management (This is one of the most comprehensive and authoritative reports every written on the subject and needs a through reading by interested readers and analysts
Click on Reports for more.
8Another very interesting presentation is: Creativity vs. incentives: the case of disruptive innovation in Oil & Gas
Click on Reports for more. Details
8Sustainable energy and resource management (This is one of the most comprehensive and authoritative reports every written on the subject and needs a through reading by interested readers and analysts
Click on Reports for more.
8Another very interesting presentation is: Creativity vs. incentives: the case of disruptive innovation in Oil & Gas
Click on Reports for more. Details
Another paper recently made the following points on the Indian LNG market
8The world is offering a minimum of five years cheap LNG – access it now
8The US will offer long term cheaper LNG – build on the GAIL portfolio position
8LNG is inherently fungible – use the flexibility to manage risk, not trade for gain
8Prioritize the infra to import LNG and distribute re-gasified LNG
8FSRUs and the use of LNG for power projects will help, but connections to the grids are still critical
8The long term US-sourced LNG price will stimulate domestic E&P
8Renewable energy will be slow in its penetration and the stimulus to the economy through the use of gas can be more effective
8State enterprises need to be aligned along common objectives with domestic focus
8Above all, markets should be allowed to decide for themselves and they should be allowed to operate with limited intervention
Click on Reports for more Details
8The world is offering a minimum of five years cheap LNG – access it now
8The US will offer long term cheaper LNG – build on the GAIL portfolio position
8LNG is inherently fungible – use the flexibility to manage risk, not trade for gain
8Prioritize the infra to import LNG and distribute re-gasified LNG
8FSRUs and the use of LNG for power projects will help, but connections to the grids are still critical
8The long term US-sourced LNG price will stimulate domestic E&P
8Renewable energy will be slow in its penetration and the stimulus to the economy through the use of gas can be more effective
8State enterprises need to be aligned along common objectives with domestic focus
8Above all, markets should be allowed to decide for themselves and they should be allowed to operate with limited intervention
Click on Reports for more Details
A paper on gas availability and demand in Gujarat sees an increasing role for gas even as renewable energy penetration goes up.
8In fact, deeper the penetration of renewal energy, the higher will be the demand for gas
8This is because of the need for peaking loads for cities, which may require gas based power at low capacity utilization at centres close to cities
8Flexible power generation will remain a key factor going ahead
8As the grid gets smarter, the role of gas based power generation will go up, says this Columbia University study
Click on Reports for more Details
8In fact, deeper the penetration of renewal energy, the higher will be the demand for gas
8This is because of the need for peaking loads for cities, which may require gas based power at low capacity utilization at centres close to cities
8Flexible power generation will remain a key factor going ahead
8As the grid gets smarter, the role of gas based power generation will go up, says this Columbia University study
Click on Reports for more Details
Offshore E&P supply vessels market is also undergoing severe stress
Day rates:
8Day rates for both AHTS & PSV have come off by ~40%-45% since 2014
Fleet Growth:
8Rigs: 2% absolute growth from previous quarter
8OSV’s: No growth from previous quarter
Slippage:
8OSV – 60% - 70% YTD2016
8Rigs – 60% - 70% YTD2016
8YTD actual deliveries have been far lower than scheduled. Due to bleak employment scenario owners have refrained from taking delivery. A lot of deliveries due in 2016 have now been pushed back to 2017. Going forward slippage is expected to remain high.
8Asset utilisation levels continue to come off. For premium Jack ups, lack of contract renewals has resulted in utilisation levels coming down from around 90% at the start of 2014 to sub 60% as on date.
8In case of PSVs and AHTSVs more than half the fleet is either idle/stacked or working in spot market at a very low utilisation
8Drilling demand has been declining continuously since the peak in 2014
8With the Brent oil price falling sharply since 2014, Offshore E&P spending has also come off significantly.
Click on Reports for more Details
Day rates:
8Day rates for both AHTS & PSV have come off by ~40%-45% since 2014
Fleet Growth:
8Rigs: 2% absolute growth from previous quarter
8OSV’s: No growth from previous quarter
Slippage:
8OSV – 60% - 70% YTD2016
8Rigs – 60% - 70% YTD2016
8YTD actual deliveries have been far lower than scheduled. Due to bleak employment scenario owners have refrained from taking delivery. A lot of deliveries due in 2016 have now been pushed back to 2017. Going forward slippage is expected to remain high.
8Asset utilisation levels continue to come off. For premium Jack ups, lack of contract renewals has resulted in utilisation levels coming down from around 90% at the start of 2014 to sub 60% as on date.
8In case of PSVs and AHTSVs more than half the fleet is either idle/stacked or working in spot market at a very low utilisation
8Drilling demand has been declining continuously since the peak in 2014
8With the Brent oil price falling sharply since 2014, Offshore E&P spending has also come off significantly.
Click on Reports for more Details
The shipping industry is going through a period of intense turmoil.
The following are some of the highlights
Asset Prices:
8VLCC 5 yr old prices have gone down by 25% in Y-O-Y Q32016
Freight rates:
8BDTI almost doubled since August 2016 & BCTI up around 50% from lows of 346 in October 2016 to 505 in December 2016
Crude Market::
8Crude oil supply increased due to record production levels by various OPEC and few Non-OPEC nations.
Product Market:
8Refinery runs low due to low refinery margins and extended maintenance resulting in stock drawdown. LR Freight rates remain low as long haul Naphtha arbitrage into Asia was non-existent.
Click on Reports for more Details
The following are some of the highlights
Asset Prices:
8VLCC 5 yr old prices have gone down by 25% in Y-O-Y Q32016
Freight rates:
8BDTI almost doubled since August 2016 & BCTI up around 50% from lows of 346 in October 2016 to 505 in December 2016
Crude Market::
8Crude oil supply increased due to record production levels by various OPEC and few Non-OPEC nations.
Product Market:
8Refinery runs low due to low refinery margins and extended maintenance resulting in stock drawdown. LR Freight rates remain low as long haul Naphtha arbitrage into Asia was non-existent.
Click on Reports for more Details
A dual FRSU based LNG terminal is coming up but clearances will take time.
8The Terms of Reference will be submitted in April, 2017
8But environmental clearance is going to take time. The estimated time line is December, 2018
Click on Details for more Details
8The Terms of Reference will be submitted in April, 2017
8But environmental clearance is going to take time. The estimated time line is December, 2018
Click on Details for more Details
Equipment and services requirements will come up in the first quarter of 2019 for deployment
The following are the likely requirements:
8LNG Carriers
8Flexible Hoses
8Floating Facilities
8LNG Vaporizers
8Gas Pipelines
8Dredging services
8Platform Structures
8Unloading Arms
8Cryogenic Pipelines
8Onshore civil works
8Marine equipments
8Marine civil works
8Recondensers
8Compressors
8Drain Drum
8HP arm
8Cranes
8Vessels
Click on Details for more Details
The following are the likely requirements:
8LNG Carriers
8Flexible Hoses
8Floating Facilities
8LNG Vaporizers
8Gas Pipelines
8Dredging services
8Platform Structures
8Unloading Arms
8Cryogenic Pipelines
8Onshore civil works
8Marine equipments
8Marine civil works
8Recondensers
8Compressors
8Drain Drum
8HP arm
8Cranes
8Vessels
Click on Details for more Details
The following timelines have been set for the project
81st phase: 6 months after all statutory permissions.
8Dredging Services: 10 months through cutter suction dredgers, simultaneously after EC approval.
8Total project commissioning: 16 Months after the start of construction work.
The following is the cost segregation of the project:
8Floating assets - Rs 1950 crore
8Land and land development - Rs10 crore
8Dredging - Rs 200 crores
8Shore Protection - Rs 120 crore
8Berth Construction - Rs 100 crore
8Marine equipments-topsides - Rs 100 crore
8Onshore civil, pipelines, services & utilities - Rs 100 crore
8Preliminary & pre-operative - Rs 100 crore
Click on Details for more Details
81st phase: 6 months after all statutory permissions.
8Dredging Services: 10 months through cutter suction dredgers, simultaneously after EC approval.
8Total project commissioning: 16 Months after the start of construction work.
The following is the cost segregation of the project:
8Floating assets - Rs 1950 crore
8Land and land development - Rs10 crore
8Dredging - Rs 200 crores
8Shore Protection - Rs 120 crore
8Berth Construction - Rs 100 crore
8Marine equipments-topsides - Rs 100 crore
8Onshore civil, pipelines, services & utilities - Rs 100 crore
8Preliminary & pre-operative - Rs 100 crore
Click on Details for more Details
Front End Engineering Design (FEED) is expected for a gas pipeline project in Q-2, 2017
8The project is slated for completion for March-April, 2019
8The pipeline will connect to a LNG receiving station
Click on Details for more Details
8The project is slated for completion for March-April, 2019
8The pipeline will connect to a LNG receiving station
Click on Details for more Details
A three-phase 10 MMTPA expansion of an existing refinery is now coming up.
8Environmental clearance is expected to be granted in December, 2017.
8The expansion includes in phases additional units, including a CDU, a Fluid Catalytic unit and a DHT unit as well as other units.
8The expansion is likely in three phases and the entire expansion will be commissioned by 2022.
The following equipment requirements:
8Columns, Condensors, Feed water exchangers, Feed water tanks, Heat Exchangers, Heaters, Piping, Pressure Vessels, Reactors, Scrubbers, Flakers, Smoke Duets, Smoke Washers, Steam Drums, Storage Reactors, Reactors With Agitators, Post-Processors, Reactors, Regenarator, Fractionators, Settler, Reflux drums, Air fin cooler tubes, Pumps, Plates, Nozzles, Vessels, Columns cyclones, Air blowers, Wet gas compressors, Relief valves, boilers, Electrostatic precipitators, Scrubbers, Bellows, Heat exchangers, Switch condensers, Intercoolers, Stripping Columns, Separating columns, Other welded construction parts
Click on Details for more Details
8Environmental clearance is expected to be granted in December, 2017.
8The expansion includes in phases additional units, including a CDU, a Fluid Catalytic unit and a DHT unit as well as other units.
8The expansion is likely in three phases and the entire expansion will be commissioned by 2022.
The following equipment requirements:
8Columns, Condensors, Feed water exchangers, Feed water tanks, Heat Exchangers, Heaters, Piping, Pressure Vessels, Reactors, Scrubbers, Flakers, Smoke Duets, Smoke Washers, Steam Drums, Storage Reactors, Reactors With Agitators, Post-Processors, Reactors, Regenarator, Fractionators, Settler, Reflux drums, Air fin cooler tubes, Pumps, Plates, Nozzles, Vessels, Columns cyclones, Air blowers, Wet gas compressors, Relief valves, boilers, Electrostatic precipitators, Scrubbers, Bellows, Heat exchangers, Switch condensers, Intercoolers, Stripping Columns, Separating columns, Other welded construction parts
Click on Details for more Details
For reference purposes the website carries here the following tenders:
8Supply of CS and SS Pipes, Nashik Details
8Supply of Gas Chromatographs, Vijaipur Details
8Carrying out electrical jobs for Lubricity Additive Dosing facility, Haldia Refinery Details
8Supply and installation of Water Pumps for Petcoke Boiler Project, Guwahati Refinery Details
8Procurement of 225 MT of Hexene, Pata Details
8Procurement of Caustic Soda Lye, Pata Details
8Coating Survey for Mainline under WRPL, Gauridad Details
8Contracts for road transportation of bulk petroleum products, Tamil Nadu Details
8Hiring of SRP Surface Units with Allied Services, Rajasthan Details
8Supply, Installation and commissioning of burners with Burner Management System and Combustion Management System, Mehsana Asset Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Auto LPG cleaner fuel, 50% cheaper than petrol: Study Details
8Will cut VAT on petrol to keep price under Rs 60 per liter: Goa CM Details
8Industry's top choice of fuel cheap but deadly Details
8ONGC selects 'Hughes JUPITERTM System' for major satellite network upgrade Details
8Oil eases as traders start winding down positions in run-up to holiday season Details
8INTERVIEW-Belarus PM wants Russia to give it same gas price as Russian regions Details
8Producers pushing centre to mandate higher ethanol percentage in petrol Details
8India: Dilip Shanghvi’s Sun Oil buys out Niko stake in Hazira field Details
8Price war flares as airlines in India dismiss Opec deal risk Details
8Year End Review 2016 – Ministry of Petroleum and Natural Gas Details
8India data: Nov crude oil imports rise 12.7% on year Details
8British shale gas gets boost from court ruling on permit Details
8Mercator vessel bags Rs 120-crore contract Details
8Is it OK to use mobile phones at petrol bunks post-demonetization? Details
8Crude oil at $10! Here are five energy 'tsunamis' that can drag prices lower Details
8Earning over Rs 10 lakh? Your LPG subsidy may be blocked Details
You can also click on Newsclips for more Details
8Supply of CS and SS Pipes, Nashik Details
8Supply of Gas Chromatographs, Vijaipur Details
8Carrying out electrical jobs for Lubricity Additive Dosing facility, Haldia Refinery Details
8Supply and installation of Water Pumps for Petcoke Boiler Project, Guwahati Refinery Details
8Procurement of 225 MT of Hexene, Pata Details
8Procurement of Caustic Soda Lye, Pata Details
8Coating Survey for Mainline under WRPL, Gauridad Details
8Contracts for road transportation of bulk petroleum products, Tamil Nadu Details
8Hiring of SRP Surface Units with Allied Services, Rajasthan Details
8Supply, Installation and commissioning of burners with Burner Management System and Combustion Management System, Mehsana Asset Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Auto LPG cleaner fuel, 50% cheaper than petrol: Study Details
8Will cut VAT on petrol to keep price under Rs 60 per liter: Goa CM Details
8Industry's top choice of fuel cheap but deadly Details
8ONGC selects 'Hughes JUPITERTM System' for major satellite network upgrade Details
8Oil eases as traders start winding down positions in run-up to holiday season Details
8INTERVIEW-Belarus PM wants Russia to give it same gas price as Russian regions Details
8Producers pushing centre to mandate higher ethanol percentage in petrol Details
8India: Dilip Shanghvi’s Sun Oil buys out Niko stake in Hazira field Details
8Price war flares as airlines in India dismiss Opec deal risk Details
8Year End Review 2016 – Ministry of Petroleum and Natural Gas Details
8India data: Nov crude oil imports rise 12.7% on year Details
8British shale gas gets boost from court ruling on permit Details
8Mercator vessel bags Rs 120-crore contract Details
8Is it OK to use mobile phones at petrol bunks post-demonetization? Details
8Crude oil at $10! Here are five energy 'tsunamis' that can drag prices lower Details
8Earning over Rs 10 lakh? Your LPG subsidy may be blocked Details
You can also click on Newsclips for more Details
For reference purposes the website carries here the following tenders:
8Hiring of services for pigging operation for 3 years, Mumbai Region Details
8Hiring of Drilling Fluids Services for HPHT/ Non-HPHT wells, Karaikal Details
8Bid package for Onshore Terminal for KG-DWN-98/2 development project Details
8Purchase of Sodium Chloride for drilling dervices, Mumbai Details
8Procurement of Mud Chemical Non Invasive Fluid Additive Details
8Providing Plant Upkeep Services in LPG, HVJ Compressor Station & C2C3 Plant Area, Vijaipur Details
8Procurement of Additive Zinc Stearate for LLDPE/ HDPE unit, Lepetkata Details
8Procurement of hoses for transfer of mud and base oil for KG-OSN-2001/3 Block Details
8Procurement of Calcium Chloride on Rate Contract Basis, Gujarat Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Norway's oil minister to be replaced in cabinet reshuffle, says news agency NTB Details
8Crude oil prices edge up in anticipation of tighter 2017 market on OPEC decision Details
8Boosting economy on top of govt’s mind after demonetisation: FM Details
8BPCL, HPCL, IOCL shares surge up to 3% on petrol, diesel price hike Details
8NGT asks West Bengal to decide on GAIL gas pipeline in a fortnight Details
8GAIL ready to invest Rs 35 crore on CNG Details
8US Fed rate hike: India relatively well placed despite growing headwinds Details
8Oil prices steady in run-up to Christmas Details
8LPG subsidy: I-T department to share data of taxpayer who earn over Rs 10 lakh Details
8Indonesia plans shake-up of upstream oil and gas contracts Details
8Oil and Gas companies to turn cash flow positive in 2017, says Wood Mackenzie Details
8Industry lobby pitches for state support to LPG for use as auto fuel Details
8BP splashes out on deals to beef up oil, gas reserves Details
You can also click on Newsclips for more Details
8Hiring of services for pigging operation for 3 years, Mumbai Region Details
8Hiring of Drilling Fluids Services for HPHT/ Non-HPHT wells, Karaikal Details
8Bid package for Onshore Terminal for KG-DWN-98/2 development project Details
8Purchase of Sodium Chloride for drilling dervices, Mumbai Details
8Procurement of Mud Chemical Non Invasive Fluid Additive Details
8Providing Plant Upkeep Services in LPG, HVJ Compressor Station & C2C3 Plant Area, Vijaipur Details
8Procurement of Additive Zinc Stearate for LLDPE/ HDPE unit, Lepetkata Details
8Procurement of hoses for transfer of mud and base oil for KG-OSN-2001/3 Block Details
8Procurement of Calcium Chloride on Rate Contract Basis, Gujarat Details
You can also click on Tenders for more
For reference purposes the website carries here the following Newsclips:
8Norway's oil minister to be replaced in cabinet reshuffle, says news agency NTB Details
8Crude oil prices edge up in anticipation of tighter 2017 market on OPEC decision Details
8Boosting economy on top of govt’s mind after demonetisation: FM Details
8BPCL, HPCL, IOCL shares surge up to 3% on petrol, diesel price hike Details
8NGT asks West Bengal to decide on GAIL gas pipeline in a fortnight Details
8GAIL ready to invest Rs 35 crore on CNG Details
8US Fed rate hike: India relatively well placed despite growing headwinds Details
8Oil prices steady in run-up to Christmas Details
8LPG subsidy: I-T department to share data of taxpayer who earn over Rs 10 lakh Details
8Indonesia plans shake-up of upstream oil and gas contracts Details
8Oil and Gas companies to turn cash flow positive in 2017, says Wood Mackenzie Details
8Industry lobby pitches for state support to LPG for use as auto fuel Details
8BP splashes out on deals to beef up oil, gas reserves Details
You can also click on Newsclips for more Details
A new study by Wood Mackenzie shows that exploration should return to profitability in 2017 after five years of only single-digit returns.
8Smarter portfolio choices and lower costs are already paying off.
8The study finds that exploration in 2017 will continue its transformation to a smaller, more efficient industry.
8Overall investment will at best match 2016 year’s spend of around US$40bn, and may yet fall further.
8The best discoveries are likely to come from new plays and frontiers, says Wood Mackenzie, with more than half the volumes expected to be found in deep water.
8The industry has cut exploration deeper than other upstream spending, but if the Brent price rises sharply, recovery in exploration spend will follow a year or two later.
8Emerging exploration themes in 2017 include exploration for pipe gas opportunities near under-supplied markets such as parts of North Africa, Eastern Europe and Latin America; the
de-emphasis of over-supplied LNG plays; and the shunning of high-cost frontiers.
Click on Reports for more Details
8Smarter portfolio choices and lower costs are already paying off.
8The study finds that exploration in 2017 will continue its transformation to a smaller, more efficient industry.
8Overall investment will at best match 2016 year’s spend of around US$40bn, and may yet fall further.
8The best discoveries are likely to come from new plays and frontiers, says Wood Mackenzie, with more than half the volumes expected to be found in deep water.
8The industry has cut exploration deeper than other upstream spending, but if the Brent price rises sharply, recovery in exploration spend will follow a year or two later.
8Emerging exploration themes in 2017 include exploration for pipe gas opportunities near under-supplied markets such as parts of North Africa, Eastern Europe and Latin America; the
de-emphasis of over-supplied LNG plays; and the shunning of high-cost frontiers.
Click on Reports for more Details
The Exxon Mobil report also says that there are many options exist to reduce CO2 emissions, each with different costs as of 2016
8Improving fuel economy of conventional vehicles is the lowest cost option
8Switching to natural gas (vs. coal) in power generation also offers low-cost results
8Solar energy is about double the cost of wind for curbing emissions (vs. coal) in U.S.
8Electric cars are a high-cost option, upward of $700/tonne of CO2 abated
Click on Reports for more Details
8Improving fuel economy of conventional vehicles is the lowest cost option
8Switching to natural gas (vs. coal) in power generation also offers low-cost results
8Solar energy is about double the cost of wind for curbing emissions (vs. coal) in U.S.
8Electric cars are a high-cost option, upward of $700/tonne of CO2 abated
Click on Reports for more Details
Another point that the Exxon Mobil report says is that Global oil resources are abundant
8Less than one-quarter of global oil resources have been produced
8Remaining oil resources can provide 150 years of supply at current demand
8Oil resource estimates keep rising as technology advances
8Upward of $450 billion a year of upstream oil investment is needed to meet demand and without further investment, liquids supply would decline steeply
8Over 80 percent of new liquids supply needed to offset natural decline
Click on Reports for more Details
8Less than one-quarter of global oil resources have been produced
8Remaining oil resources can provide 150 years of supply at current demand
8Oil resource estimates keep rising as technology advances
8Upward of $450 billion a year of upstream oil investment is needed to meet demand and without further investment, liquids supply would decline steeply
8Over 80 percent of new liquids supply needed to offset natural decline
Click on Reports for more Details
As the pace of technology development continues to accelerate, new – and still uncertain – solutions are likely to emerge to contribute to meeting energy and environmental goals.
8Recent advances in technology are promoting energy efficiency gains to slow demand growth, and also opening up new energy supply options including unconventional oil and natural gas, nuclear and renewables.
8But the latest Exxon Mobil projections, released last week, show that actual energy demand is going to increase by 25% by 2040
8Demand growth will come from non-OECD nations, where energy use will rise about 40 percent, lead by the Asia Pacific region
8Importantly, supplies of oil and other liquid fuels are projected to grow 20 percent over the next quarter century, essentially matching expected growth in demand.
8The gains largely will come from technology-enabled sources, such as tight oil, deepwater and oil sands.
8As energy markets shift, North America will become a net exporter as tight oil and NGL production grows.
8Globally until 2040, LNG supplies will be highly competitive on account of many aspiring suppliers
Click on Reports for more Details
8Recent advances in technology are promoting energy efficiency gains to slow demand growth, and also opening up new energy supply options including unconventional oil and natural gas, nuclear and renewables.
8But the latest Exxon Mobil projections, released last week, show that actual energy demand is going to increase by 25% by 2040
8Demand growth will come from non-OECD nations, where energy use will rise about 40 percent, lead by the Asia Pacific region
8Importantly, supplies of oil and other liquid fuels are projected to grow 20 percent over the next quarter century, essentially matching expected growth in demand.
8The gains largely will come from technology-enabled sources, such as tight oil, deepwater and oil sands.
8As energy markets shift, North America will become a net exporter as tight oil and NGL production grows.
8Globally until 2040, LNG supplies will be highly competitive on account of many aspiring suppliers
Click on Reports for more Details
The website carries here a few interesting articles on:
8Latest uses of cloud solutions in the E&P sector
8Ultrasonic technology for reliable ship management
8World's first unmanned and fully automated vessel for offshore operations
8Rockwell Automation showcases its Connected Production solution that ties in all E&P production processes into an enterprise solution package
8Latest well abandonment solutions
8Oman Cement Company's oil well cement is now sold around the world
Click on Reports for more Details
8Latest uses of cloud solutions in the E&P sector
8Ultrasonic technology for reliable ship management
8World's first unmanned and fully automated vessel for offshore operations
8Rockwell Automation showcases its Connected Production solution that ties in all E&P production processes into an enterprise solution package
8Latest well abandonment solutions
8Oman Cement Company's oil well cement is now sold around the world
Click on Reports for more Details
Schlumberger has introduced its latest AvantGuard advanced flowback services technology, which optimise well performance from post-stimulation operations through production.
8These services protect the connection of the hydraulic fracture to the wellbore to optimise productivity in conventional and unconventional wells.
8AvantGuard services comprise flowback design and proactive fracture protection that complement fracturing operations.
8Damage to the well and the formation is actively prevented by tailoring a predictive flowback design strategy with a defined secure operating envelope.
8Application of the flowback design during the transition to production protects and stabilises hydraulic fractures to efficiently enable all the clusters in each zone to produce without productivity impairment.
Click on Reports for more Details
8These services protect the connection of the hydraulic fracture to the wellbore to optimise productivity in conventional and unconventional wells.
8AvantGuard services comprise flowback design and proactive fracture protection that complement fracturing operations.
8Damage to the well and the formation is actively prevented by tailoring a predictive flowback design strategy with a defined secure operating envelope.
8Application of the flowback design during the transition to production protects and stabilises hydraulic fractures to efficiently enable all the clusters in each zone to produce without productivity impairment.
Click on Reports for more Details
Indian petrochemical players need to keep an eye on the breakneck expansion of capacity undertaken by companies such as Adnoc of UAE and Saudi Aramco of Saudi Arabia
8Adnoc plans to almost triple its petrochemical production to an annual 11.4mn tonnes by 2025 from 4.5mn tonnes at present.
8Meanwhile, Saudi Aramco also aims to almost triple its chemicals production to 34mn metric tonnes per year by 2030, a senior company executive said.
8Over the same period, Saudi Aramco’s global refining capacity is set to rise up to 10mn bpd from more than five million bpd currently.
8Saudi Aramco has been integrating its refineries with petrochemical infrastructure as it develops its downstream business and expands its trading of refined products.
Click on Reports for more Details
8Adnoc plans to almost triple its petrochemical production to an annual 11.4mn tonnes by 2025 from 4.5mn tonnes at present.
8Meanwhile, Saudi Aramco also aims to almost triple its chemicals production to 34mn metric tonnes per year by 2030, a senior company executive said.
8Over the same period, Saudi Aramco’s global refining capacity is set to rise up to 10mn bpd from more than five million bpd currently.
8Saudi Aramco has been integrating its refineries with petrochemical infrastructure as it develops its downstream business and expands its trading of refined products.
Click on Reports for more Details
ONGC Videsh has been trying to wrap a deal over its Farzad-B gas field in Iran for a long time now and yet no results are out even as global companies continue to sign deals with Iran
8Russia’s GAZPROM NEFT has signed a preliminary agreement with NIOC to develop two major oilfields in Iran. It will carry out studies at the Cheshmekosh and Changouleh fields near the border with Iraq, according to Iran’s Shana news agency.
8This follows Shell’s provisional agreement to develop oil and gas fields in Iran. A spokesman for Shell said that a memorandum of agreement was signed with the National Iranian Oil Company(NIOC) “to further explore areas of potential cooperation”. The agreement is non-binding and involves the development of Iran’s oilfields in South Azadegan and Yadavaran and the Kish gas field, according to Reuters. The South Azadegan and Yadavaran fieldsshare the border with Iraq.
8French energy company Total also signed a deal in November to develop a large gas field in Iran and is now negotiating an oil deal.
8Despite the nuclear agreement, doing business in Iran is a challenge for Western companies. This is in large part due to residual US sanctions that don’t allow American banks to be involved in any transactions.
8But that has not deterred companies from going in and signing up
8Time for OVL too to wrap up the deal
Click on Reports for more Details
8Russia’s GAZPROM NEFT has signed a preliminary agreement with NIOC to develop two major oilfields in Iran. It will carry out studies at the Cheshmekosh and Changouleh fields near the border with Iraq, according to Iran’s Shana news agency.
8This follows Shell’s provisional agreement to develop oil and gas fields in Iran. A spokesman for Shell said that a memorandum of agreement was signed with the National Iranian Oil Company(NIOC) “to further explore areas of potential cooperation”. The agreement is non-binding and involves the development of Iran’s oilfields in South Azadegan and Yadavaran and the Kish gas field, according to Reuters. The South Azadegan and Yadavaran fieldsshare the border with Iraq.
8French energy company Total also signed a deal in November to develop a large gas field in Iran and is now negotiating an oil deal.
8Despite the nuclear agreement, doing business in Iran is a challenge for Western companies. This is in large part due to residual US sanctions that don’t allow American banks to be involved in any transactions.
8But that has not deterred companies from going in and signing up
8Time for OVL too to wrap up the deal
Click on Reports for more Details
Many wells are under repair in the onland asset
The following business development requirements are there
8Sand Cleanout equipment
8Swabbing equipment
8Hot Oiling equipments (swabbing assembly, lubricator with an oil saver, and shut-off valve on the well)
8Snubbing equipment
8Coil Tubing equipment
8Repairing Liners and Casing equipments (Squeeze cementing, Patching a liner, Replacing casing, Adding a liner and Opening collapsed casing.)
8Sidetracking equipments (Special drill tools, such as a whipstock, bent housing, or bent sub)
8Plug-back dump bailer equipment
8Plug-back tubing equipment
Click on Details for more Details
The following business development requirements are there
8Sand Cleanout equipment
8Swabbing equipment
8Hot Oiling equipments (swabbing assembly, lubricator with an oil saver, and shut-off valve on the well)
8Snubbing equipment
8Coil Tubing equipment
8Repairing Liners and Casing equipments (Squeeze cementing, Patching a liner, Replacing casing, Adding a liner and Opening collapsed casing.)
8Sidetracking equipments (Special drill tools, such as a whipstock, bent housing, or bent sub)
8Plug-back dump bailer equipment
8Plug-back tubing equipment
Click on Details for more Details
Environment clearance for a refinery expansion project is expected to be granted within the next 15 to 20 days
8This will clear the the ground for site level activities
The next round of RFQs are expected to be floated once the EC clearance is in place. Details
8This will clear the the ground for site level activities
The next round of RFQs are expected to be floated once the EC clearance is in place. Details
Site selection for a JV mega refinery complex is expected to be completed within the next three months
8The land requirement is a massive 15,000 acres
8Environment clearance is expected to be granted by December, 2017
8The PFR is ready and and the next step to go for a DFR
8RFQs for a consultant is likely to be taken out within the next two months
Click on Details for more Details
8The land requirement is a massive 15,000 acres
8Environment clearance is expected to be granted by December, 2017
8The PFR is ready and and the next step to go for a DFR
8RFQs for a consultant is likely to be taken out within the next two months
Click on Details for more Details
A new 5 MMTPA LNG capacity is expected to be commissioned by Q2, 2017
8The cost of the project is around Rs 4500 crore
8Clearly, an extra 5 MMTPA of LNG will start getting supplied to customers from then onwards
Click on Details to find out more Details
8The cost of the project is around Rs 4500 crore
8Clearly, an extra 5 MMTPA of LNG will start getting supplied to customers from then onwards
Click on Details to find out more Details
A far reaching EOR and IOR programme is currently underway in an onland E&P asset
8A Rs 800 crore 20-well programme is currently on
8Cluster drilling methods are being employed as also "service contracts" to get the best out of the asset
Click on Details for more Details
8A Rs 800 crore 20-well programme is currently on
8Cluster drilling methods are being employed as also "service contracts" to get the best out of the asset
Click on Details for more Details
An immediate business development opportunity has arisen from moving wells from drilling to the production phase.
The are requirements for well logging, casing, cementing and perforation:
8Casing: Conductor Casing, Surface Casing, Production Casing
8Chromatography
8Down hole Pressure Sensors
8Drill String:- Consists of Drill Pipe, Heavy Collar, Stabilizer, and Drill Bit
8Enhanced Oil Recovery (EOR) Evaluation: Chemical Injection, Gas Injection, and
8Thermal fluid injection
8Electric Submersible Pump
8Expanders
8Gas Lift
8Hydraulic Pump
8Packer
8Perforated Liner
8Perforated Pipe
8Perforating Gun
8Pump jack
8Safety/Fire Equipment: Extinguisher, First Aid, First Responders
8Solar Panel- Energy / Power for Monitoring Equipment
8Tubing
Click on Details for more Details
The are requirements for well logging, casing, cementing and perforation:
8Casing: Conductor Casing, Surface Casing, Production Casing
8Chromatography
8Down hole Pressure Sensors
8Drill String:- Consists of Drill Pipe, Heavy Collar, Stabilizer, and Drill Bit
8Enhanced Oil Recovery (EOR) Evaluation: Chemical Injection, Gas Injection, and
8Thermal fluid injection
8Electric Submersible Pump
8Expanders
8Gas Lift
8Hydraulic Pump
8Packer
8Perforated Liner
8Perforated Pipe
8Perforating Gun
8Pump jack
8Safety/Fire Equipment: Extinguisher, First Aid, First Responders
8Solar Panel- Energy / Power for Monitoring Equipment
8Tubing
Click on Details for more Details
